Online Forex broker
On Monday, the Chinese Yuan headed south, while the evergreen buck rallied because US-China relations worsened over the weekend.
The currency pair USD/CNY ascended by 0.1% being worth 6.9445.
Leaders of the Asia-Pacific Economic Cooperation didn’t manage to agree on a communiqué.
China and America failed to agree on whether the reform of the World Trade Organization needs to be in the leaders’ declaration.
American leader Donald Trump didn’t join the gathering as Vice President Mike Pence was present at the event instead of him.
Estimating the US currency’s purchasing power versus its primary rivals the USD index managed to rally by up to 0.1% ending up with 96.5.
On Friday, the Fed’s newly appointed vice chair, Richard Clarida expressed caution over the global surge outlook and told it’s something that will be relevant for the outlook for the American economy.
What’s more, in a separate interview with Fox Business, Federal Reserve Bank of Dallas President Robert Kaplan revealed that he expected a surge deceleration in China and the European bloc.
Besides this, the currency pair USD/JPY stood still coming up with an outcome of 112.75. As Japan’s Ministry of Finance disclosed, in October, the country’s exports managed to soar by 8.2% from the same period of 2017, in contrast with the anticipated 9% surge.
Additionally, the previous week official data disclosed that the Japanese economy went down more than foreseen in the third quarter because of natural catastrophes as well as diving exports.
The currency pairs AUD/USD and NZD/USD decreased by respectively 0.3% and 0.5%.
As for the UK pound, it obtained some residual focus having been under heavy selling the previous week against the backdrop of uncertainties over British Prime Minister Theresa May’s draft Brexit plan.
The currency pair GBP/USD hit 1.2824, decreasing by nearly 0.1%.
Have a look at the key financial instruments on Monday, February 28. Geopolitics is currently on all news frontlines. Western nations escalated sanctions on Russia for the invasion of Ukraine.
Reserve Bank of New Zealand (RBNZ) will reveal Official Cash Rate and make a statement about monetary policy on October 6, 04:00 GMT+3.
Although Jerome Powell’s speech sounded hawkish on Wednesday, September 22, markets did not get scared and the main stock indices got bought back…
The US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
